Resilience in Latin America : lessons from macroeconomic management and financial policies /

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Bibliographic Details
Author / Creator:	De Gregorio, Jose, author.
Imprint:	[Washington, D.C.] : International Monetary Fund, ©2013.
Description:	1 online resource (24 pages).
Language:	English
Series:	IMF working paper ; WP/13/259 IMF working paper ; WP/13/259.
Subject:	Economic development -- Latin America. Monetary policy -- Latin America. Foreign exchange reserves -- Latin America. Fiscal policy -- Latin America. Economic development. Fiscal policy. Foreign exchange reserves. Monetary policy. Latin America. Electronic books.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12502421

Hidden Bibliographic Details
Other authors / contributors:	International Monetary Fund. Research Department, issuing body.
ISBN:	9781475550214 1475550219
Notes:	At head of title: Research Department. "December 2013." Includes bibliographical references. Online resource; title from pdf title page (IMF.org Web site, viewed Jan. 16, 2014).
Summary:	"This paper analyzes the unprecedented resilience of Latin American countries to the global financial crisis. It argues that sound macroeconomic conditions, which allowed an unusual monetary and fiscal expansion, exchange rate flexibility, a strong and well-regulated financial system, high level of reserves, and a bit of luck coming from very high terms of trade, were central to good economic performance. Persevering along the road of strong macroeconomic and financial policies is necessary, but not sufficient, to go from recovery to sustained growth"--Abstract.

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